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nranger

01/17/12 4:09 PM

#357783 RE: fsshon #357777

Thank you for bringing some real positive hope back into this mess.
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Fonz21

01/17/12 4:17 PM

#357784 RE: fsshon #357777

You should send your post to all relevant Press people !!!
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JMac9

01/17/12 4:51 PM

#357796 RE: fsshon #357777

With 200 million shares outstanding in the newco, and $9 BB in net NOL value plus any assets re 'discovered'...what do you think the company or companies might be willing to pay in cash for this newco? Might JPM be interested?
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gophilipgo

01/17/12 4:57 PM

#357798 RE: fsshon #357777

Sounds plausible, but I am not a CPA. Hope one will chime in, and more importantly, I hope you're right.
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umaw

01/17/12 6:04 PM

#357812 RE: fsshon #357777

Fish, great post! May be on to something here! I remember much talk about the abandonment of stock happening only after planned conformation! Hmmmmm! More than any other time, I hope you're right on this one! ;-)
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jackfburns

01/17/12 11:03 PM

#357847 RE: fsshon #357777

Don: You may have nailed exactly why the EC settled for what they did:

Oh! the IRS says I can not sell or merge with another company for NOL's to be used by the acquiring company... But guess what? I don't care about the 6B in NOL's anymore, because I just put a 26B Ordinary Loss on the books and sell my Ordinary Loss!!!! I can now merge "with any" company that wants to acquire me for my OL because the law does not single out this type of acquisition. We are not using the NOL's, we are using the loss we took for WMB Bank Stock as an instrument of value.

Jack
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oilstrike

01/18/12 8:52 AM

#357866 RE: fsshon #357777

Oh Boy! We're gonna be rich! I'm diggin' it. Got my cash infusion. now, just have to wait several business days for funds to clear. Looks like timing as it was may have let me find a position to acquire more shares for my $ if these sp's keep drifting lower. GLTA.
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Cashbuilder

01/18/12 9:00 AM

#357868 RE: fsshon #357777

Don, very interesting line of events, so what do you feel will be a fair value of newco common shares once this happens. Any predictions?

Thanks

Cash
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gold-nugget

01/18/12 9:00 AM

#357869 RE: fsshon #357777

Your right on target and correct now dig alittle deeper and you will see more..